Stock Movers

On this episode of Stock Movers:
- Micron (MU) and Sandisk (SNDK) shares sink amid weakness in the memory sector. A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally.
- Fedex shares (FDX) fall ahead of earnings. Investors are waiting to hear management’s expectations for the company’s slimmed-down core parcel business following the spinoff of its freight unit earlier this month.
- Best Buy (BBY) shares slip after the company said Matt Bilunas will step down as CFO and depart the retailer at the end of July after 20 years, including seven years as CFO.
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On this episode of Stock Movers:
- SpaceX (SPCX) shares fluctuated at the open Tuesday, after a three-day selloff that wiped off more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. The stock fell as much as 3.9%, briefly dipping below the $150 level at which it opened during its trading debut earlier this month.
- IBM (IBM) shares gain. IBM resisted a broad tech selloff after a Wall Street upgrade. Morgan Stanley analyst Erik Woodring raised the target on International Business Machines Corp. to $267 from $225. Maintains equal-weight rating.
- Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.
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On this episode of Stock Movers:
- Nvidia (NVDA) shares are down. Super Micro Computer-backed Argentum AI has signed two major long-term AI infrastructure deals worth a total of $7.8b to deploy 47,000 Nvidia GB300 chips at a 300-megawatt data center in Poland, Barron’s reports, citing the company.
- AMC (AMC) shares tumble. The movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.
- Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SpaceX (SPCX) is heading towards it fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure.
- IBM (IBM) shares are climbing on news IBM and OpenAI are bringing AI to cyber defense.
- AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Micron (MUS) and Sandisk (SNDK) shares are declining in a hit to memory stocks. Investors are closely watching Micron this week as they're set to report a key earnings report for the market tomorrow.
- SpaceX (SPCX) is heading towards it fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure.
- IBM (IBM) shares are climbing on news IBM and OpenAI are bringing AI to cyber defense.
- Avis (CAR) shares are moving up as the rental car company entered into a settlement agreement with Pentwater Capital Management and affiliated persons to resolve a lawsuit seeking recovery of short-swing profits, the company says in a filing.
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